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This property looks like a bad Long-Term investment with a projected -22.58% first-year return on $188k initial cash invested.
-22.58%
Cash On Cash
2.3%
Cap Rate
0.34
DSCR
$3,570
Rent
-$3,532
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$3,570 income − $7,102 expenses = $3,532 out of pocket
Investment Breakdown
|
Purchase Price
$894k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$188k
Downpayment
20%
$179k
Closing costs
1%
$8,937
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,570
Total Expenses
$7,102
Mortgage P&I
142%
$5,065
Property Taxes
22%
$795
Home Insurance
9%
$315
HOA
0%
$0
Property Management
10%
$357
CapEx
5%
$178
Vacancy
6%
$214
Maintenance
5%
$178
Other
0%
$0